John Charles O’hara Sells 10,000 Shares of SEALSQ (NASDAQ:LAES) Stock

SEALSQ Corp. (NASDAQ:LAES) CFO John Charles O’hara sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $3.51, for a total transaction of $35,100.00. Following the completion of the transaction, the chief financial officer directly owned 266,156 shares in the company, valued at $934,207.56. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Charles O’hara also recently made the following trade(s):

• On Wednesday, May 27th, John Charles O’hara sold 4,689 shares of SEALSQ stock. The stock was sold at an average price of $3.50, for a total transaction of $16,411.50.
• On Friday, April 24th, John Charles O’hara sold 5,250 shares of SEALSQ stock. The stock was sold at an average price of $2.91, for a total transaction of $15,277.50.
• On Wednesday, April 22nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $3.06, for a total transaction of $30,600.00.
• On Monday, April 20th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.79, for a total transaction of $27,900.00.
• On Thursday, April 16th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.69, for a total transaction of $26,900.00.
• On Wednesday, April 8th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.20, for a total transaction of $22,000.00.
• On Monday, April 6th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.42, for a total transaction of $24,200.00.
• On Thursday, April 2nd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The stock was sold at an average price of $2.45, for a total transaction of $24,500.00.
• On Wednesday, March 25th, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.92, for a total transaction of $29,200.00.
• On Monday, March 23rd, John Charles O’hara sold 10,000 shares of SEALSQ stock. The shares were sold at an average price of $2.99, for a total transaction of $29,900.00.

SEALSQ Stock Down 6.5%

SEALSQ stock opened at $3.48 on Friday. The firm’s fifty day moving average is $2.83 and its 200 day moving average is $3.73. SEALSQ Corp. has a 52-week low of $1.99 and a 52-week high of $8.71.

SEALSQ (NASDAQ:LAES) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $6.71 million for the quarter. Equities research analysts expect that SEALSQ Corp. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On SEALSQ

Several hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of SEALSQ by 51.7% in the fourth quarter. IFP Advisors Inc now owns 8,645 shares of the company’s stock valued at $33,000 after acquiring an additional 2,945 shares during the period. Engineers Gate Manager LP raised its stake in shares of SEALSQ by 4.8% in the fourth quarter. Engineers Gate Manager LP now owns 65,065 shares of the company’s stock valued at $246,000 after acquiring an additional 2,968 shares during the period. Convergence Financial LLC raised its stake in shares of SEALSQ by 28.9% in the fourth quarter. Convergence Financial LLC now owns 14,216 shares of the company’s stock valued at $54,000 after acquiring an additional 3,189 shares during the period. Farther Finance Advisors LLC raised its stake in shares of SEALSQ by 172.2% in the fourth quarter. Farther Finance Advisors LLC now owns 9,435 shares of the company’s stock valued at $36,000 after acquiring an additional 5,969 shares during the period. Finally, Vident Advisory LLC raised its stake in shares of SEALSQ by 2.6% in the fourth quarter. Vident Advisory LLC now owns 270,915 shares of the company’s stock valued at $1,024,000 after acquiring an additional 6,801 shares during the period. Hedge funds and other institutional investors own 1.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LAES shares. Wall Street Zen downgraded shares of SEALSQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Cantor Fitzgerald decreased their price target on shares of SEALSQ from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.00.

SEALSQ Company Profile

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions.